News Reports: Housing news updates and reports for Manufactured Home and Modular Housing Industry professionals and investors. Business – daily fact checks, market reports, and analysis.
MHProNews.com has learned that UMH Properties, Inc. of Freehold, New Jersey has acquired eight Ohio manufactured home communities (MHCs) comprised of 1,018 homesites with an average 70 percent occupancy rate, for $24,950,000. A public real estate investment trust (REIT), marketwatch.com reports the company owns and operates eighty-two manufactured home communities […]
UMH Acquires Eight Manufactured Home Communities Read More
Following an article MHProNews.com published Feb. 27, 2014 regarding surplus modular homes from the U. S. military being sited on the Apache Mescalero Reservation in New Mexico, officials from the tribal nation offered a public thank you to the military and the General Services Administration at a ceremony March 7.
Mescalero Tribe Offers thanks for Modular Homes Read More
Following a decision by state regulators, Pacific Gas & Electric (PG&E) will begin a three-year pilot program in Northern and Central California to replace master meters in manufactured housing communities (MHCs) with metes measuring gas and electric service going directly to individual homesites. Many communities have aging infrastructures, says wsj.com,
Manufactured Home Residents to Receive Utilities Direct Read More
Concerns over the Chinese economy and how the crisis in Ukraine may affect global markets trumped a positive report on U. S. retail sales and a drop in unemployment claims, as the three major indexes all fell over one percent. CNNMoney reports the Dow Industrial Average dropped -231.19 points, -1.41
Nobility, Skyline rise; Dow, Nasdaq, S&P Lose One Percent Plus Read More
The Richmond County (North Carolina) Planning and Zoning Board of Adjustments upheld a notice of violation for a nuisance problem at a manufactured home in the town of Hamlet in south central NC. County planner James Armstrong said manufactured homes in the county must comply with Housing and Urban Development
Manufactured Home in Violation Read More
According to tickerreport.com, manufactured housing community owner Equity LifeStyle Properties, Inc. (ELS) has announced it will pay shareholders of record on Friday, March 28, 2014 a dividend of $0.325 per share on Friday, April 11, 2014, representing an annualized dividend of $1.30 and a dividend yield of 3.17 percent. The
Equity LifeStyle Properties Announces Dividend Read More
Manufactured housing and recreational vehicle component supplier Lippert Components, Inc. of Goshen, Indiana is bringing 180 jobs this year to a building it has signed on to lease for 12 years in South Bend, IN, and expects to add a total of 380 workers in the coming ten years. While
Lippert Expanding Operations into South Bend Read More
A major aspect of the bipartisan housing finance reform legislation introduced by Senators Tim Johnson (D-SD) and Mike Crapo (R-ID) of the Senate Banking Committee is a mortgage cooperative to ensure small and regional lenders can sell their loans for cash. As nationalmortgagenews.com informs MHProNews.com, the cooperative would initially be
Mortgage Cooperative may Replace Fannie Mae and Freddie Mac Read More
A survey conducted by the National Association of Home Builders (NAHB) in 2013 reveals housing data based on ethnic and racial considerations. The information could be valuable to builders when dealing with potential customers, as MHProNews.com has learned. Minority home buyers typically purchase a home at a younger age than
Study Ranks Home Buyers based on Ethnicity Read More
Analysts at Deutsche Bank report concerns about China’s market coupled with a sharp drop in copper prices led to little change in the three major indexes today. CNNMoney reports the Dow Industrial Average edged down -11.17 points, -0.07 percent, to end the day at 16,340.08. The Nasdaq managed to squeak
Manufactured Housing Composite Rises +1.03 Percent; Tracked Stocks Quiet Read More
Analysts at Barclays report more homeowners are staying current on their mortgages, thereby reducing the rate of delinquent loans, as housingwire.com informs MHProNews.com. The March Mortgage Credit Tracker says, however, the rate of foreclosure is rising, as is the foreclosure-to-REO (real estate-owned) hopper, bringing foreclosures back to the rate of
Delinquencies Fall, Foreclosures Rise Read More
In order to better zone and regulate the temporary housing facilities that many oilfield workers live in, the Williams County (North Dakota) commissioners voted to update the definition of crew housing, and will charge companies $400 per person for each one living in modular workforce housing zoned for non-residential use.
County Commissioners Dealing with Modular Workforce Housing Read More
A revised application for the siting of modular living units in Ridgefield, Connecticut may lead to a legal settlement after 1 1/2 years. Ridgefield Modular Home Corp. originally submitted plans for 11 apartments in a four-cluster modular building under the state’s affordable housing law in Sept. of 2012. Ridgefield is
Modular Development may Finally get Approved Read More
According to theiet.org, the world is beginning to realize the advantages of modular construction methods in the wake of the desire for quicker, cheaper, cleaner and more environmentally friendly building techniques. Two years ago China’s Broad Construction stunned the world when it assembled a 30-story modular hotel working round the
Off Site Construction Methods Gaining Recognition and Advocates Read More
A 24-unit assisted living facility owned and operated by Northern California Presbyterian Homes and Services (NCPHS), part of The Woods, a 55-plus manufactured home community in Mendocino, CA, is set to close sometime in May. According to mendocinobeacon.com, NCPHS submitted a closure plan to the state Department of Social Services
Part of Senior Manufactured Home Community to Close Read More
Deputy Director of the Consumer Financial Protection Bureau (CFPB), Steven Antonakes, speaking at the Mortgage Bankers Association’s (MBA) Servicing Conference, pointedly blamed the servicers for the many foreclosures outstanding and the home owners still underwater on their mortgages. According to nationalmortgagenews.com he said, “This kind of continued sloppiness is difficult
Mortgage Servicers Rankled by CFPB’s Accusations Read More
Unlike days gone by when factory-built homes were more prone to wind damage and not well sealed from the elements, the manufactured homes of 2014 are energy efficient and can have many of the same amenities as site-built homes: Whirlpool baths, ENERGY STAR appliances, solar panels for heat and hot
Manufactured Homes—Not Like they Used to be Read More
After rising above 16,450 earlier in the day, the Dow Jones Industrial Average drifted lower in the afternoon, leaving the three major indexes in the red. CNNMoney reports the Dow dropped -67.43 points, -0.41 percent, to end the day at 16,351.25. The Nasdaq fell -27.26 points, -0.63 percent, to finish
Deer Valley Plunges, Cavco Gains, Major Indexes Drift Lower Read More
The National Association of Home Builders (NAHB) chairman Kevin Kelly, a homebuilder from Wilmington, Delaware issued a statement lauding the Senate Banking Committee’s announcement that they had reached an agreement on a housing finance reform proposal, as MHProNews.com has learned. He said: “NAHB commends Sens. Johnson and Crapo for reaching
National Association of Home Builders Welcomes Housing Finance Reform Read More
Sources have told MHProNews that Danny Ghorbani, President and CEO of the Manufactured Housing Association for Regulatory Reform (MHARR) has once more allegedly made threatening statements directed at our publisher, as Ghorbani’s response to articles and commentaries published that analyze Ghorbani’s written/public statements. Why? “Our industry needs financing and is
